Tyler Stone Wealth Management purchased a new stake in The Procter & Gamble Company (NYSE: PG – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,799 shares of the company stock, valued at approximately $ 2,421,000. Procter & Gamble makes up approximately 1.3% of Tyler Stone Wealth Management’s investment portfolio, making the stock its 15th largest holding.
Other institutional investors have also recently modified their holdings of the company. GQG Partners LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $ 1,231,791,000. UBS Asset Management Americas Inc. increased its position in shares of Procter & Gamble by 33.7% in the third quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company stock valued at $ 1,922,090,000 after acquiring an additional 3,467,039 shares during the last quarter. State Street Corp increased its position in shares of Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company stock valued at $ 17,250,846,000 after acquiring an additional 1,716,517 shares during the last quarter. Morgan Stanley increased its position in shares of Procter & Gamble by 5.0% in the second quarter. Morgan Stanley now owns 34,500,719 shares of the company stock valued at $ 4,655,181,000 after acquiring an additional 1,632,893 shares during the last quarter. Finally, Sanders Capital LLC increased its position in shares of Procter & Gamble by 22.3% in the fourth quarter. Sanders Capital LLC now owns 8,398,383 shares of the company stock valued at $ 1,535,692,000 after acquiring an additional 1,532,184 shares during the last quarter. Institutional investors own 63.64% of the company stock.
In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $ 162.83, for a total transaction of $ 4,884,900.00. Following the completion of the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $ 41,347,910.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $ 164.52, for a total transaction of $ 9,871,200.00. Following the transaction, the chairman now directly owns 253,933 shares in the company, valued at approximately $ 41,777,057.16. The disclosure for this sale can be found here. Insiders sold 108,415 shares of company stock valued at $ 17,777,055 over the last 90 days. 0.51% of the stock is currently owned by company insiders.
PG has been the topic of a number of recent analyst reports. Raymond James boosted their price target on Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. The Goldman Sachs Group lowered their price target on Procter & Gamble from $ 179.00 to $ 173.00 in a research report on Tuesday, March 29th. Jefferies Financial Group upped their target price on Procter & Gamble from $ 179.00 to $ 185.00 in a research report on Thursday, April 21st. Finally, Wells Fargo & Company reduced their target price on Procter & Gamble from $ 180.00 to $ 170.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $ 164.27.
Shares of PG opened at $ 133.32 on Friday. The Procter & Gamble Company has a 52 week low of $ 129.50 and a 52 week high of $ 165.35. The stock has a market capitalization of $ 319.87 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 4.01 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a fifty day moving average of $ 151.65 and a 200-day moving average of $ 154.78.
Procter & Gamble (NYSE: PG – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, beating analysts’ consensus estimates of $ 1.28 by $ 0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company had revenue of $ 19.38 billion during the quarter, compared to analysts’ expectations of $ 18.69 billion. During the same period in the prior year, the company earned $ 1.26 EPS. Procter & Gamble’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were issued a $ 0.9133 dividend. This represents a $ 3.65 dividend on an annualized basis and a yield of 2.74%. This is an increase from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is presently 63.70%.
Procter & Gamble Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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